Meeting of Amcham’s Tax, Tariff and Regulatory Affairs Committee, 26 June 2014 – New Delhi

The First Meeting of Amcham’s Tax, Tariff and Regulatory Affairs Committee for the year 2014-15 was held on 26th June 2014 at the office of Ernst & Young LLP, Gurgaon. The meeting was chaired by Mr. Sudhir Kapadia, Chairman of the Committee; and Partner & National Tax Leader, Ernst & Young LLP.

The Committee discussed the way forward after presentation of the Union Budget for 2014-15; and decided to study the TARC Report presented by Dr. Parthasarathi Shome, Chairman, Tax Administration Reforms Commission.

It was also decided that Amcham would focus on transfer pricing and would send representation to the Ministry of FINANCE on specific aspects of transfer pricing.

A suggestion was also made that Amcham should work more closely with Mr. Akhilesh Ranjan, Competent Authority for International Taxation, to update India’s stand in OECD on tax matters and treaties.